Soybeans: fewer exports, lower prices

In America, a mixed picture was seen, and on our continent there was clear selling pressure on the crop markets on Thursday. In Chicago, wheat rose by 0.2 percent, corn by 0.9 percent, soybeans by 0.2 percent, and canola by 0.2 percent less than the previous day. In Europe, all four priority agricultural products, mill wheat, corn, rapeseed and fodder wheat, closed in the red. Soybean prices fell on Thursday amid weaker-than-expected weekly export sales data from the US Department of Agriculture (USDA), seasonally increasing inventories from the South American harvest and lower soybean oil prices. Corn ended the day with a firm price gain, although last week's export sales fell to the lowest in almost three months, but were still in line with trade estimates. Wheat rose slightly after Russian grain trader Aston denied that local authorities had halted some export shipments, easing concerns over a recent slowdown in shipments from the world's biggest wheat supplier. Meanwhile, the ...